Shares in supermarket franchise operator Guyenne et Gascogne were suspended today (12 December) ahead of an impending announcement on its talks with retail giant Carrefour.

On Thursday (8 December) Carrefour and Guyenne et Gascogne, a key franchise partner, announced they were in talks about a “business combination”, but refused to comment further. Industry watchers say Carrefour is looking to acquire a partial or full stake in the smaller firm.

Go deeper with GlobalData

Data Insights

The gold standard of business intelligence.

Find out more

Discover B2B Marketing That Performs

Combine business intelligence and editorial excellence to reach engaged professionals across 36 leading media platforms.

Find out more

A spokeswoman from Guyenne at Gascogne said a statement will be released this afternoon but would not elaborate on the content. A spokesman from Carrefour did not comment on the announcement.

The two companies own a joint venture, Sogara, which operates 13 Carrefour hypermarkets in south-west France. Sogara also owns 8.2% of Centros Commerciales Carrefour, which operates Carrefour stores in Spain. Guyenne et Gascogne itself also operates six Carrefour hypermarkets and 27 Carrefour Market supermarkets in France.

Just Food Excellence Awards - The Benefits of Entering

Gain the recognition you deserve! The Just Food Excellence Awards celebrate innovation, leadership, and impact. By entering, you showcase your achievements, elevate your industry profile, and position yourself among top leaders driving food industry advancements. Don’t miss your chance to stand out—submit your entry today!

Nominate Now